Contact us at 866.243.3820 or info@crbrokers.com

Bankruptcy Court rules MF Global can use D&O to pay for executives defense

Bankruptcy Court rules MF Global can use D&O to pay for executives defense
May 30, 2012 tfirestine

A Bankruptcy court in Manhattan has ruled  that Jon Corzine could use the money available from a Directors and Officers policy for defense costs. The combined policy has a reported $250M of total coverage, $100M of Side A. Side A coverage is written explicitly for the individual officers and the court ruled it would not be tied up in the entity’s bankruptcy.

Calculated Risk Advisors is working with clients to insure that their company and it’s individual directors have access to a defense in the case of allegations of wrong doing.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*